0 Hampton Rd & Ovilla Rd Glenn Heights, TX 75154
This exceptional 9-acre commercial land parcel presents a unique investment opportunity in the thriving Glenn Heights, Texas market. Located at the southeast corner of S. Hampton Road and Ovilla Road, this property benefits from its strategic position within Ellis County, situated between the rapidly expanding cities of Red Oak, Ovilla, and Oak Leaf. The site is ideally zoned for retail development, offering significant potential for a variety of commercial uses. Ovilla Road is undergoing a major expansion to a six-lane divided highway, dramatically increasing visibility and accessibility. Furthermore, there's potential for the re-alignment of S. Hampton Road to create a highly desirable northeast hard corner. The land is priced competitively at $6.00 per square foot and is available for sale as a whole or potentially divisible to accommodate various development plans. This prime location, coupled with the ongoing infrastructure improvements and the area's robust growth trajectory, makes this a compelling investment prospect for discerning buyers seeking high-return potential in a dynamic Texas market. The property's 75154 zip code further underscores its convenient location and access to key transportation routes. This is a rare chance to acquire a significant land holding in a rapidly developing area poised for substantial future appreciation.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.